February 2024 newsletter: the latest updates from Clayton & Brewill
Clayton & Brewill’s February 2024 newsletter is now available to view online. After a very busy few months at Clayton & Brewill, we’re well and truly settling into 2024 – and with the cold weather starting to thaw, it already feels like we’re hurtling towards Spring. In our latest newsletter, we look at a number […]
Making Tax Digital: remodelled and going ahead
The start dates for Making Tax Digital for Income Tax (MTD ITSA) were confirmed by Jeremy Hunt in the Autumn Statement 2023, alongside some changes to the regime. In outline, MTD ITSA involves keeping digital records and providing quarterly updates of income and expenditure to HMRC through MTD-compatible software. There is also an end of […]
Advice for employers ahead of major change for payroll
Forthcoming changes to minimum wage highlight the need for employers to deal confidently with the underlying payroll rules. Nottingham Chartered Accountants, Clayton & Brewill, shares a concise guide for employers navigating the evolving payroll landscape. The change for payroll is imminent – from 1 April 2024, the National Living Wage (NLW) becomes £11.44 per hour […]
Six reasons to file your tax return before 31 December
Nottingham chartered accountants Clayton & Brewill give six good reasons to get your self-assessment tax return filed before the end of December. 31 January 2024 is the deadline for filing your self-assessment tax return, and for paying any tax that you owe. But, for anyone with a few hours to spare before the end of […]
Autumn Statement 2023: key announcements
Chancellor Jeremy Hunt delivered the Autumn Statement on 22 November, promising that the government will “reduce debt, cut tax and reward work”. New measures announced include a reduction in national insurance for both the employed and self-employed, pension reforms, and cuts to business tax. Personal measures National insurance cuts For employees on between £12,570 and […]
Minimum wage: avoiding the pitfalls
With changes to the minimum wage being made every year, it is important that businesses are up-to-date with these rules and regulations to ensure that employees are not being underpaid. In this blog, the team at Clayton & Brewill discuss the nuances of minimum wage and any potential problems employers should be aware of. The […]
October 2023 newsletter: the latest news and updates from Clayton & Brewill
Clayton & Brewill’s October 2023 newsletter is now available to view online. In this issue, we look at a number of key talking points in the sector at the moment, including: Covid support payments are still on HMRC’s radar R&D single scheme uncertainty for customers Paying voluntary National Insurance contributions The High Income Child Benefit […]
Meet the Clayton & Brewill team: Amanda Stefanetti
In our latest meet the team blog, we interviewed one of our directors, Amanda Stefanetti, to learn more about what it’s like to work at Clayton & Brewill and how her role has changed since she joined the firm almost 15 years ago. What drew you to a career in accountancy? While at university, I […]
What does the tax rules shake-up mean for pension planning?
Whether you’re reviewing your own investment options for the future, a business owner looking for tax-efficient remuneration strategies, or an employer looking to signpost staff to advice, Clayton & Brewill explains what this year’s changes to tax-rules mean for pension planning and shares a round up of everything you need to know in order to […]
Full expensing: will it benefit your business?
Unveiled in the Spring Budget earlier this year, ‘full expensing’ is the highlight of what the government calls its new ‘capital allowances offer’. In this article, Nottingham chartered accountants Clayton & Brewill explains what full expensing is and how it may benefit your business. What is full expensing? Full expensing can be used for expenditure […]